CO129-510-13 Sale by private treaty of a marine lot at Ma-tau-Kok- Kowloon to Hong Kong and... 12-3-1928 - 12-5-1928 — Page 12

No

137.

RFOT

FOOL.C

52849.

7

(

GOVERNMENT HOUSE,

HONGKONG.

12th March, 1928.

محبت

9472/26

-(C..

Encl

H K T Ch

Sir,

for

With reference to my despatch No.152 of

1st April, 1926, wherein I requested your approval for sale by private treaty to the Hong Kong and China Gas Company of

a site in Kowloon, I have the honour to inform you that after prolonged negotiations the Company has found it

impossible to accept the terms and conditions of sale originally set out in the despatch above quoted, and approved by you in your despatch No.145 of 21st May, 1926.

2.

These conditions were submitted under the

impression that they were then acceptable to the Company,

a mistake of which your despatch No.203 of 7th July, 1926,

shows that you were aware.

3.

I understand that the misapprehension arose

from the fact that the capital necessary to take up and

develop the site originally suggested under the conditions

laid down was not available. It is felt, however, that it

is necessary to make early arrangements for future expansion, and with that view I entirely agree.

4.

The conditions for sale by private treaty of

a marine lot at Ma-tau-kok which I now recommend for your

approval and of which a copy is enclosed, are I consider

THE RIGHT HONOURABLE

LIEUTENANT COLONEL L.C.M.S. AMERY, M.P.,

&C.,

&c.,

&c.

justified